Housing costs in Iron Mountain?
A typical home costs
$127,500, which is 62.3% less expensive than the national average of
$338,100 and 41.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Iron Mountain costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 31.0% cheaper than the state average of
$1,100.
Can I afford Iron Mountain?
To live comfortably in Iron Mountain Michi Metro Area, Michigan, a minimum annual income of
$24,480 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Iron Mountain?
The cost of living in the Iron Mountain, MI Metro Area is 79.6, significantly lower than the US average of 100. This makes it much more affordable to live in this area compared to other parts of the country. Moreover, the median house value in this metro area is $127,500 which is significantly lower than the US average of $338,100. This makes Iron Mountain, MI Metro Area an attractive option for those looking for a place to call home while still saving money.